Forbo Holding Ltd

FORN

Equity

ISIN CH0003541510 / Valor 354151

SIX Swiss Exchange (2024-12-23)

CHF 745.00-0.40%

Forbo Holding Ltd
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About company

Forbo Holding Ltd is a global company with two main divisions: Flooring Systems and Movement Systems. The Flooring Systems division offers a wide range of commercial and residential floor coverings, including linoleum, vinyl flooring, carpet tiles, and entrance flooring systems. The company also provides building and construction adhesives. On the other hand, the Movement Systems division is a leading supplier of conveyor belts, processing belts, and other synthetic material belts used in various industries such as manufacturing, retail, and services. Forbo Holding Ltd plays a significant role in shaping how people experience their environments through its innovative and high-quality products.

Summarized from source with an LLMView SourceSector: Industrials

Revenue

Forbo Holding Ltd reported net sales of CHF 1,175.2 million for the first quarter of 2023, reflecting a decrease compared to CHF 1,293.2 million in the same period of the previous year. This decline in revenue is attributed to various market challenges and economic conditions.

Gross Profit

The gross profit for Forbo Holding Ltd in Q1 2023 was CHF 401.7 million, down from CHF 440.8 million in Q1 2022. The reduction in gross profit is primarily due to increased cost of goods sold, which amounted to CHF 773.5 million compared to CHF 852.4 million in the previous year.

Operating Profit

Forbo Holding Ltd's operating profit for the first quarter of 2023 stood at CHF 129.9 million, slightly lower than the CHF 132.6 million recorded in Q1 2022. This marginal decline is a result of higher administrative and marketing costs during the period.

Group Profit

The group profit for Forbo Holding Ltd in Q1 2023 was CHF 102.3 million, showing a slight increase from CHF 101.4 million in the same quarter of the previous year. This improvement is attributed to a positive financial result of CHF +1.9 million due to foreign exchange gains and interest income.

Earnings Per Share

Forbo Holding Ltd reported undiluted earnings per share of CHF 72.55 for the first quarter of 2023, up from CHF 71.76 in Q1 2022. This 1.1% increase reflects the slight improvement in overall earnings for the period.

Summarized from source with an LLMView Source

Key figures

-30.1%1Y

-60.1%3Y

-55.4%5Y

Performance

21.4%1Y

26.9%3Y

26.6%5Y

Volatility